IFAC FOCUS AREAS
- Accountability. Now.
- Adoption of International Standards
- Developing the Global Profession
- Global Representation and Advocacy
- Professional Accountants in Business
- Small and Medium Practices
Independent Standard-Setting Boards
The International Auditing and Assurance Standards Board sets high-quality international standards for auditing, assurance, and quality control that strengthen public confidence in the global profession.
The International Accounting Education Standards Board establishes standards, in the area of professional accounting education, that prescribe technical competence and professional skills, values, ethics, and attitudes.
The International Ethics Standards Board for Accountants sets high-quality, internationally appropriate ethics standards for professional accountants, including auditor independence requirements.
The International Public Sector Accounting Standards Board develops standards, guidance, and resources for use by public sector entities around the world for preparation of general purpose financial statements.
|Global Knowledge Gateway||
To help improve the management and operational efficiency of practices, especially small- and medium-sized accountancy practices (SMPs), this area is intended to help those managing practices to address opportunities and challenges; improve their competitiveness, profitability, and sustainability; enhance their expertise, competence, and efficiency; create an environment conducive to the provision of high-quality services; and showcase global best practices and latest practice management techniques. See the full overview.
There are 159 articles
The Practice of Tomorrow–How to Remain RelevantFor small practices to transform and remain relevant they should focus on professionalism, their business model and providing advisory services, together with leveraging technology tools.
by Christopher Arnold, Head of SME/SMP and Research, IFAC and George Willie, Managing Partner, Bert Smith & Co. | November 13, 2018
Global Business Expansion Presents Opportunity for SMPsBusinesses looking to expand globally present an excellent opportunity for SMPs to provide additional value to clients.
by Ben Baruch, Head of SME Policy, ACCA | October 25, 2018
Good Talent Management Key to Future-proofing FinanceToday, professionals require a much broader range of skills, which means CPD should no longer focus on core skills only, but include business acumen, leadership, digital transformation and governance, essentially all the areas that are vital in...
by Lindie Engelbrecht, Managing Director of Education and Members, CIPFA | October 25, 2018
Guide to Using ISAs in the Audit of SMEs, Fourth EditionDawn McGeachy, Accounting & Assurance Partner at Colby McGeachy Professional Corporation and IFAC Small and Medium Practices Committee member, provides an update on the Guide to Using ISAs in the Audit of SMEs, Fourth Edition .
by Dawn McGeachy, Principal, Colby McGeachy Professional Corporation | October 9, 2018
The International Code of Ethics for Professional Accountants: Key Areas of Focus for SMEs and SMPsThe revised and restructured Code of Ethics will come into effect in June 2019; the IFAC SMP Committee has actively monitored and engaged on each aspect of the project to provide input and suggestions with a focus on matters that impact SME and...
by Diane Jules, Deputy Director, IESBA and Robyn Erskine, Partner, Black Birrd & IFAC SMP Committee Member | September 12, 2018
News and Resources
There are 1859 news/resources
A Look at Client Segmentation Steps for Advisory Firms
SmartBrief - November 12, 2018
Technically, Your Planning Practice Could Be Better
AICPA Insights - October 22, 2018
IBRACON Issues 31st Edition of Revista Transparência
IBRACON - October 22, 2018
Three Ways Small Firms Can Turn Challenges into Opportunities
AICPA - October 12, 2018
Building a Public Practice from the Ground Up
In the Black - October 5, 2018
The (Un)certain Future for Small Advisory Firms
Advisor Perspectives - September 24, 2018
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